Harvesting is completed in Kazakhstan. The amount of wheat is more than expected to be, there are too much wheat that the government initiated a schedule of exporting process for two years because in one year Kazakhstan can`t export that amount of wheat. Ministry of Agriculture estimated to gain $4.5 billion from exporting 22-24 million tonnes of wheat.

Russia gained 90 million tonnes of wheat and it is willing to export 25-30% of 90 million tonnes. Russia also added that if selling will be successful they can increase export till 35%.

Ministry of Agriculture of Ukraine released a report where was written the following, Ukraine is going to increase the export of wheat and corn from 22 million tonnes to 27 million tonnes.

The price for wheat in EU is falling down due to tremendous export of Black Sea Region.

Export of wheat from the USA will be reduced due to cheap but high quality production of wheat in Black Sea Region. So, supply of wheat in the US will rise but demand will stay at the same stage. Because of wide range of wheat is available in world market the price for this commodity will go down causing the price for wheat in the US go down.

Last but not least, Chinese demand is bigger than it is estimated to be and the demand is growing constantly through middle Asia, Egypt and and in the Middle East.

Taking into account all above mentioned the price for wheat should fall down.

Ukraine government stated (07/10/2011) that they will reduce the export of wheat and corn for almost 25-35 percent since the prices for both commodities are dropping down. Because all farmers are losing the profits, moreover, by selling for such low price they can`t cover their expenditures.

Europe Union gave permission to export 213,000 tonnes of wheat last week. In general EU exported 3,1 million tonnes this season, the last year they exported 5,3 million tonnes of wheat.

Kazakhstan didn`t change their plans to export 8-10 million tonnes of wheat. China bought 3million tonnes of wheat from Kazakhstan, moreover, in the Middle Kingdom the demand is growing and China wants to buy more an extra class wheat. Egypt is also interested in cheap wheat from Kazakhstan.

The Supply of wheat from Australia reached its maximum of last seven years. Australia has already exported almost 18 million tonnes of wheat. Demand for Australian wheat is high in Central Asia because cheap wheat substitutes American expansive corn.

Also, I would like to mention that large Russian, Kazakhstan and Europe companies (speculators) are buying wheat in large amount to store (then of course they will sell it for high price)

I think the price for wheat is going to fluctuate a little by decreasing in price soon but in the next coming month the price will increase.  

hope it will help you guys to earn some money!!!

Yesterday, I read some prity interesting article from Journal which is called “KUrsive”(all in russian language) there are a lot of articles and information about wheat trade,production and market situation in Black Sea Regions and part of Europe. Unfortunatelly, this article on Russian Language, so, I can`t just paste the link because you won`t understand. I will post the article as soon as it will be translated. Right now the demand is growing for wheat through Europe, Africa and China. I will post  the article tomorrow, hope it will help you to gain some profits in the trading game.